August total tax collections at $640.1 million; 3.7% below the estimate

TOPEKA – The State of Kansas closed August with total tax collections at $640.1 million. That is $24.5 million, or 3.7%, below the estimate. Total tax collections are down 1.9% from August 2022.

Individual income tax collections were $299.3 million. That is $25.7 million, or 7.9% below the estimate, and down 2.6% from August 2022. Corporate income tax collections were $25.1 million, or 25.5%, higher than the estimate and up 62.3% from August 2022.

Combined retail sales and compensating use tax receipts were $292.4 million, which is $5.6 million, or 1.9%, below the estimate and down $10.5 million, or 3.5%, from August 2022.

Click here to view the August 2023 revenue numbers.

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